286.120 - System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members.

286.120  System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members.

1.  The governing authority of the System shall be a board of seven persons appointed by the Governor.

2.  The name of the board shall be the Public Employees’ Retirement Board.

3.  The Governor shall review periodically the broad administrative policies and performance standards as they are being administered by the Board.

4.  The Governor may remove and replace any Board member for cause shown.

[Part 4:181:1947; A 1949, 174; 1955, 23]—(NRS A 1973, 854, 1412)